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LONDON - Law Debenture Corporation p.l.c. (LSE:LWDB) announced Friday that its wholly owned subsidiary, The Law Debenture Trust Corporation (Channel Islands) Limited, purchased 5,831 ordinary shares at £10.00 per share.
The subsidiary made the purchase in its capacity as trustee of the corporation’s Employee Share Ownership Trust, according to a company statement. The shares were acquired as a reinvestment of dividends received from shares already held in the trust.
The trust holds shares that were previously granted to senior staff under employee share schemes that had received shareholder approval. The transaction was executed under the terms of a Trust Deed dated April 23, 2002, which established the subsidiary as the trustee.
Law Debenture Corporation p.l.c. is registered in England with company registration number 30397 and LEI number 2138006E39QX7XV6PP21. The announcement was made through the Regulatory News Service of the London Stock Exchange (LON:LSEG).
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